Topic: BTC rally of $9,000 ain’t enough? (Read 594 times)

Until we reach ~$11000 I think it's fair to say we're still in a bear market. We haven't seen $11k since August, only lower highs and lower lows.

Market is always unpredictable and it best if we remain positive, as anything can happen in this market. Most time it seems the market just takes it turn without a reaction of any news or so. This particular reason makes me tired of listening to any prediction cause most are not even close to it.
I say let's reach the price of $9,000 before we start estimating if the rally is enough or not.

It could get really ugly when the 6 month CME papers start closing in the end of the month. I'm leaning more to a brutal capitulation currently.

Sad but true, there's no big pumped happened while many still hoping for the best value before the year ends. Most traders are aiming for short  gains and not willing to hold and wait. From this instances the market still suffering from the bloody situations making things more harder to anticipate the next market runs. There's no certainty so be very wise and careful with how you engage with the market.

We are not sure how things will turned it's about how you believe and how far you can hold and wait.

Yeah, the whole substantive point of OP seems to be filled with nonsensical presumptions regarding bitcoin supposedly underperforming where it "should be", and you are correct, justdimin, that there is no real "should be" in bitcoin.  It's going to do whatever it does, and sure whales are going to  attempt to manipulate it one way or another to their benefit to the extent that they can and while they can, but there are going to be times that they can no longer manipulate it in the downward direction and at that point, there is no real choice except up.

There are some truths to the 4-year fractal pattern model and the stock to flow model, but there are likely going to even be attempts to cause those models to NOT be true, at least for a certain amount of time until the BTC price ends up gravitating back to the various projection points within those price prediction models.

There also could be points in which we figure out that either the 4-year fractal pattern and/or the stock to flow model are not correct in their BTC price prediction assertions, but so far they seem to be holding up pretty damned well.

Bitcoin naysayers, of course, will assert that the models are good, until they are not, which is also true, but if many of us are bitcoin buyers, accumulators, HODLers, we have already concluded that overall bitcoin appears to be a pretty damned good investment, even if in the short term there can be some painstaking periods in which we perceive bitcoin's price to be either too stagnant or moving too much in the negative direction.  Certainly, longer term bitcoin buyers, accumulators and HODLers should not be disappointed by Bitcoin's performance in 2019, including a couple periods in which we witnessed seemingly extraordinary price performance, including the 3.5x price move from $4,200 to $13,880 in less than 3 months, and also the about 42% price move on October 25 from $7,300 to $10,300 in less than 12 hours.

So, yeah, even if we have witnessed BTC price corrections that largely retrace both of those above mentioned BTC price moves of this year,  BTC buyers, accumulators and HODLers should realize that there remain certain difficulties that bearwhales are going to have in keeping BTC prices down to a certain points of difficulties and also the passage of time can end up working against them in terms of there are too many difficulties to keep BTC's price down.  Surely, the upcoming halvening contributes to the UPwards BTC price pressures, even though it can take many months, even a year or more, before the lessening of the new BTC supply is felt in a kind of explosive and no longer able to keep it down kind of way. 

it is unlikely that the price of bitcoin will penetrate $ 9k before the end of the year, so that means this year bitcoin cannot get out of the bear market. but in my opinion if bitcoin has been able to reach half of the ATH it can be said that bitcoin has come out of the bear market and is walking towards a higher peak. hmm 

I cant see any possible catalyst or causes for btc price to rose up on this last days of this year on reaching it out on 9k.
Good to see if we do able to rise up like that even on 1st quarter of 2020.I dont believe too much on to those so called
popular analyst or whatsoever yet anyone can make such prediction like that.We cant still say yet that if we do hit 9k
price which does mean we are already out on bearish market.It might hold up or rather have a breakout all the way.

What do you mean by enough is the real question. If you mean that if we go to 9 thousand dollars we still have a chance of dropping once again, you are definitely right.

Bitcoin once hit 20 thousand dollars and went as low as 3 thousand dollars, so sorry but whatever the price of bitcoin becomes there is a chance of dropping significantly, we can't stop bitcoin to drop or change since in the end we seriously don't have any control over it. That is the beauty of bitcoin tho, nobody can control it. So in the end, $9k is not enough to make sure bearish stops, $20k is not enough, even a million dollars is not enough, in the end there is always a chance of bitcoin dropping 50% in value at any given second even while I am typing this down. Don't look at the pessimistic part of it, look at the fact that 50% increase is also possible.

Are we expecting something like this in the near future, i literally do not see a bubble in the next few months and it is possible and we have seen in the past that the market recovering in a day but then we will see the market going down with the same intensity and that is the reason i am not a fan of instant recovery. Major resistance are around $10k and then there will be at $14k and if it breaks that then we might even tough the old all time high valuation.

There's no chance that bitcoin would hit $10,000 this month if you look at the price movements for a week. Prices are moving from $7,000 to $7,500 so if there's a drop of price or a breaking of the resistance or support level then we will see a new price but it's far from the $10,000 that you are expecting.

We are seeing a lot of greed with those new analysts by now.
It is not really about the future of crypto currencies anymore but more on making profits.

Having that large of amount in just one bitcoin is already something else.
If you are looking for more then I bet you did buy at the highest price last 2017. This might be also why they are talking shits like that. 

Still far from being hope to reach $ 10000 bearish will continue to continue until the beginning of the year and on this holiday as a BTC holder is a nightmare because btc that has been much awaited turned out not to appear in the good direction.
Perhaps the highest level this month will only be stuck at $ 7,500 and it can still go down again.

Bitcoin is very difficult to break the 9k barrier by the end of 2019. There are only 14 days left until the end of 2019 but I do not see any signs for bitcoin to rise. In addition to the Christmas season is approaching, people will tend to sell bitcoins to collect fiat currency.
I think bitcoin will only increase to 9k by 2020, maybe by February 2020 bitcoin will reach $ 9k and by the end of 2020 bitcoin will cost $ 15k.

Very unpredictable market, honestly I will be happy to see BTC to reach 10k before the year ends but it seems that negative sentiments is very strong and its pulling down everything slowly shattering bullish dream citing another bearish Holiday for hodlers.

There is no confirmation that bitcoin is going back to 9000$ rather chances are that bitcoin may decline further to $ 6000.00 or $ 5000.00. Recovery to $ 9000 will be a big oxygen for crypto investors. 9000$ will not be enough for those who have bought bitcoin in latest bull run, when bitcoin peaked at 12000$.  

yes you are right op everything can happen in the crypto market. I also cannot approve or reject the opinion that bitcoin can reach $ 9,000 but cannot bring bitcoin to the bull market. bitcoin prices are very volatile and it is very difficult to guess the price of bitcoin at the end of this year which is only lacking a few days. it could be that bitcoin rose suddenly to $ 9,000 or it also dropped to $ 6000. we as small traders can only wait and speculate.

Don't know about you guys, but sounds like good news to me =p

Bitcoin run to 9k = good for me in Dec and January, will be able to sell well for a nice 10-15% unexpected bump. Managed to delay sales for Dec so have to make it in a couple of weeks to pay bills.

And then if price dips back down, I'll be earning at a lower point. Win-win. Anyone still accumulating will probably be relieved too.

It is very difficult to determine the price of bitcoin at the end of this year, with there being $ 9,000 the market is still the opposite and the rally will never exist at the end of this year, I can only predict that in March bitcoin will start at a high level but that also cannot determine whether this resistance will really exist.
Halving in May there are still many polemics about the price of bitcoin and where the price is actually I can only state after halving occurs bitcoin returned to normal.

The analysis is correct because if you look at the weekly chart, even if we hit $9K, it would still be a lower high. We would need to break and close over $10300 to make a new Higher high and hopefully get out of this bear market.

Back in 2018 it was no different. The $6K support was basically followed by many failed newer highs and it was the hint that eventually out of the blue the $6000 would break which it did in a random day in November 2018.

Looking at 2019, we hit a new higher high when we broke the $4K area and this is what led us to $14K in a very short period. So nobody knows what will happen but its the general view most traders are looking at.

I think he is right, we need more than that to reverse this bear run and restart the bull trend. We reached 12K this year and that was not enough to have a sustained bull run. It is still nosediving after that. Slowly but surely going down.